AngloGold Ashanti (NYSE:AU) Given New $26.10 Price Target at JPMorgan Chase & Co.
AngloGold Ashanti (NYSE:AU) had its target price reduced by JPMorgan Chase & Co. from $26.60 to $26.10 in a research report report published on Thursday, BenzingaRatingsTable reports. They currently have an overweight rating on the mining company’s stock.
A number of other research firms have also issued reports on AU. Royal Bank of Canada raised AngloGold Ashanti from a sector perform rating to an outperform rating and set a $17.05 target price on the stock in a report on Wednesday, June 26th. BMO Capital Markets upgraded AngloGold Ashanti from a market perform rating to an outperform rating and increased their price target for the company from $16.00 to $21.00 in a research report on Thursday, June 27th. Zacks Investment Research upgraded AngloGold Ashanti from a hold rating to a buy rating and set a $23.00 price target for the company in a research report on Thursday, August 15th. Finally, ValuEngine lowered AngloGold Ashanti from a buy rating to a hold rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $20.23.
NYSE:AU traded down $0.52 during mid-day trading on Thursday, reaching $19.07. 447,192 shares of the stock were exchanged, compared to its average volume of 3,376,399. The business has a fifty day moving average price of $20.78 and a 200 day moving average price of $15.86. The firm has a market capitalization of $8.19 billion, a PE ratio of 36.06, a PEG ratio of 0.40 and a beta of -0.90. AngloGold Ashanti has a 1-year low of $7.91 and a 1-year high of $23.85. The company has a current ratio of 0.90, a quick ratio of 0.43 and a debt-to-equity ratio of 0.53.
About AngloGold Ashanti
AngloGold Ashanti Limited operates as a gold mining company. It also produces silver, uranium, and sulphuric acid; and dóre bars. The company operates 14 mines and 3 projects in 10 countries in South Africa, Continental Africa, the Americas, and Australasia. AngloGold Ashanti Limited was incorporated in 1944 and is headquartered in Johannesburg, South Africa.
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